TBILISI, DFWatch–An Israeli company plans to build a new factory in Georgia with the goal of producing parts for Boeing, Airbus and Bombardier passenger planes.
The construction of the ‘high tech and modern’ aviation plant will begin in three months, Economy
TBILISI, DFWatch–Wizz Air is ending flights between Georgia and Ukraine from April 20 because the company Wizz Air Ukraine is being dissolved.
“This decision was made, with regret, due to the ongoing instability in Eastern Ukraine, the devaluation and volatility
TBILISI, DFWatch–Georgia wants to use its free trade access to the EU to become a springboard for Chinese trade with Europe.
Last year, Georgia signed an association agreement with the EU. Included was what’s called a deep and comprehensive free
TBILISI, DFWatch–The amount of money transfers to Georgia in February fell by 21.7 percent compared to same period last year, according to a new report by the National Bank.
The total amount of incoming transfers in February was USD 82.0 million laris;
TBILISI, DFWatch–Georgia’s foreign trade turnover in the first two months of 2015 fell by 9 percent compared to the same period last year.
This is indicated by new preliminary data published by the National Statistics Department (Geostat).
The total foreign trade
TBILISI, DFWatch–Direct foreign investments in Georgia in 2014 was 39 percent more in 2014 than it was in 2013, according to a new preliminary report of the National Statistics Department (Geostat).
The amount of the investments in 2014 was USD
TBILISI, DFWatch–The lari, Georgia’s embattled national currency, showed signs of recovery on Thursday after both the National Bank and the government announced that they are taking measures to stop it from further depreciation.
In recent days, the national
TBILISI, DFWatch–As the Georgian lari reached a new record low, the Georgian government’s “economy team” gathered to come up with a plan to save the country’s economy.
The US dollar is valued at 2.1771 laris in the most recent figures from the National Bank
TBILISI, DFWatch–Georgia’s foreign trade turnover in January 2015 was 9 percent lower than last year, according to preliminary data published by the National Statistics Department, GeoStat, on Friday.
The total turnover was USD 694 million, out of which export
TBILISI, DFWatch–The Georgian government has downgraded its economic growth outlook for 2015 from five to four percent.
Finance Minister Nodar Khaduri said on Thursday that stagnation is expected in all neighboring countries, and this is reflected in the new